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Rupee slumps to an all-time low of 168.9 against dollar
KARACHI: An 85-paisa decline in the inter-bank market due to external payments pressures dragged the rupee to a record low on Tuesday against the US dollar, with the exchange rate sliding to Rs168.94.
The Pakistani currency briefly…
PIA INDUCTS ANOTHER AIRBUS INTO ITS FLEET
ISLAMABAD: In a move to expand flight operation and provide better facilities to its passengers, Pakistan International Airlines (PIA) has inducted Airbus-330 aircraft into its fleet.
As per details, the PIA recently has availed two…
SPREAD OF DELTA VARIANT KNOCKS WIND OUT OF UK ECONOMY
Britain’s economy unexpectedly slowed to a crawl in July as the Delta variant of COVID-19 spread rapidly after lockdown restrictions were eased and as a ‘pingdemic’ kept many workers at home self-isolating.
Economic output rose just…
PM IMRAN KHAN BREAKS GROUND FOR SIALKOT-KHARIAN MOTORWAY
ISLAMABAD: Prime Minister (PM) Imran Khan on Thursday performed the groundbreaking of the Sialkot-Kharian motorway project.
Addressing the groundbreaking ceremony,Prime Minister commended the National Highways Authority and Federal…
GOVT ANNOUNCES REDUCTION IN PETROL, DIESEL PRICES
ISLAMABAD: The federal government on Tuesday announced a reduction of up to Rs1.50 per litre in prices of petroleum products for the next fortnight starting September 1.
According to a notification, the prices of petrol and high-speed…
PRICES OF PETROLEUM PRODUCTS LIKELY TO BE CUT BY UP TO RS5
ISLAMABAD: The government is likely to reduce prices of petroleum products from the first of September .
The Ministry of Energy has received a summary from the Oil and Gas Regulatory Authority (Ogra) seeking a downward revision in rates…
US DOLLAR CROSSES RS166 MARK AMID SURGE IN IMPORT BILL
KARACHI: The upward trajectory of the United States (US) dollar against Pakistani rupee continued Tuesday as the greenback crossed the Rs166 mark in the interbank.
The dollar on Tuesday jumped 19 paisa in the interbank to be traded at…
Exports climb to highest level in July
KARACHI: Pakistan posted the highest-ever exports for the month of July as shipments reached $2.35 billion, up 17.3%.
Taking to his official Twitter handle, Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood…
Pakistan’s future economy revolves around stable…
Pakistan wants peace and a stable government in Afghanistan, says Fawad Chaudhry. Pakistan is not supporting or strengthening any one group in Afghanistan, says information minister.A stable Afghanistan is necessary for future economy…
Economy made encouraging recovery but structural vulnerabilities…
SBP issues "Third Quarterly Report on The State of Pakistan’s Economy".Report says widening of the merchandize deficit in external sector needs to be contained to a sustainable level.SBP warns twin burdens of debt servicing and a narrow…